Decentraland: what is the value of this cryptocurrency

Decentraland: what is the value of this cryptocurrency
Decentraland: what is the value of this cryptocurrency

In the Decentraland metaverse, users can use cryptocurrency to acquire virtual plots of land or create content (such as NFT works) and sell it. (Infobae)

Decentreland is a three-dimensional virtual reality platform supported by Ethereumwhere you need your cryptocurrency to carry out any type of purchase, which is known by the acronym MANNA.

In the decentraland metaverse Users have the ability to create, experiment and monetize content as well as applications. One of the main features of the platform is the ability to buy land in your virtual reality, build on it and eventually monetize.

Unlike other platforms, in decentraland the users are the owners instead of some company . Since MANA is the necessary cryptocurrency for the decentraland metaverse, it is important to know its value in the market.

The price of decentraland cryptocurrency For today at 10:00 hours (UTC) it is 0.335117 dollars per unit.

This means that the digital currency had a change of 1.07% in the last day as well as a variation of 0.32% in the last hour .

Currently, decentraland is ranked #103 in popularity in the digital market. It is worth mentioning that the historical maximum that this digital currency has reached is 5.902317 dollars per unit.

Cryptocurrencies were born in 2008 as an alternative to the devaluation of several currencies as a result of the economic crisis of that year.

The first digital asset created was the bitcoin and over time others emerged like litecoin, ethereum, bitcoin, cash, ripple, dogecoinsome of the most popular.

Cryptocurrencies work through a cryptographic encryption that guarantees the security of transactions, as well as control of the generation of its units .

To make transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.

It is important to mention that cryptocurrencies are digital currencies that do not physically exist and, unlike assets such as the dollar, euro or peso, they are not regulated by any institution and do not need intermediaries in transactions.

The latter has caused cryptocurrencies to not be viewed favorably by the formal market, accusing them of being unreliable, volatile, promoting fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among others.

Physical representations of various cryptocurrencies. (REUTERS/Edgar Su)

However, little by little the way has opened to such a degree that companies, millionaires and even governments have encouraged or authorized its use.

One of the richest men in the world, Elon Musk, has made comments in favor of digital currencies such as bitcoin and dogecoin, temporarily allowing their use in the electric car company Tesla, which triggered, at the time, the increase in their price .

 
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